The global fuel cell industry, which has been growing at a rapid pace for the past few years, is expected to post an unprecedented growth in near future. The constant government support, regulations like amendment in emission legislations, and increased funding for research and development of fuel cells are encouraging the industry, which is currently dominated by the US, the UK, and Canada. In future, the momentum is expected to shift to the Asian countries due to their vast market potential and rising spending power.
According to our new research report "Fuel Cell Industry Analysis", the global fuel cell industry is expected to sustain its growth pace in near future driven by factors like best efficiency amongst energy sources and environment friendly operation, among others. In this regard, we have conducted an extensive research and analyzed various segments of the industry, which has been witnessing an increase in the demand for fuel cells in automobile and telecom sectors.
For decades, researchers have been experimenting with various metals to replace expensive platinum catalysts in proton exchange membrane (PEM) fuel cells. As per our findings, recent R&D activities related to fuel cell have developed platinum free fuel cells which are expected to significantly reduce the cost of fuel cell in the coming years. The report covers the major R&D initiatives along with patents that have been filed.
A number of automotive companies have been planning to launch Fuel Cell Vehicles (FCVs) over the next two years, with a target of widespread commercialization by 2015. Besides, the demand for portable fuel cells will increase exceptionally in the consumer and industrial electronics sector, which will grow to dominate the market in the future. As per our estimations, the global fuel cell shipment is expected to grow at a CAGR of around 71% during 2010-2013. The report covers statistics on portable, large & stationary fuel cells shipments till 2013. In addition, research includes further break up of portable, small & stationary fuel cell shipments based on technology. The report covers forecasts for portable, large & stationary fuel cells shipments in terms of volume and power till 2013.
Our report is a comprehensive research that contains quality research, in-depth analysis, and authentic statistics regarding the global fuel cell market. It studies the emerging market trends, recent developments, and their impact on the market. The report will help clients in analyzing the leading-edge opportunities, prospective customer base, key players, expected future outlook, and all other factors critical to the success of a new entrant in the global fuel cell market.